NSW rolls out smart rental bonds scheme statewide
NSW has rolled out its Smart Rental Bonds scheme statewide, allowing renters to transfer existing bond deposits directly to a new property. The scheme aims to reduce financial pressure on tenants moving between rentals.
How does NSW's statewide Smart Rental Bonds scheme affect rental property work?
Mainly affects property managers and builders managing rental properties. Limited direct impact on most tradies unless they operate in the rental property maintenance space.
Key takeaways
- NSW renters can now transfer bond deposits directly to a new property without paying upfront.
- The Smart Rental Bonds scheme has been rolled out across the entire state.
- The scheme targets financial relief for tenants moving between rental properties.
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